The Cash Flows from Operating Activities Are Reported by the Direct

question 86

Short Answer

The cash flows from operating activities are reported by the direct method on the statement of cash flow.Determine the following:
a.If sales for the current year were $600,000 and accounts receivable decreased $25,500 during the year,what was the amount of cash received from customers?
b.If sales salaries expense for the current years was $80,000 and sales salaries payable increased $25,000 during the year,what was the amount of cash payments for sales salaries?

---

Definitions:

Device Manager

A Windows feature that allows users to view and control the hardware attached to the computer.

Driver Problem

Issues related to the software drivers that enable computer operating systems to communicate with hardware devices, often causing devices to malfunction or not work at all.

CMOS Battery

A small, coin-shaped lithium battery that provides power to CMOS memory.

Error Message

An indication provided by a system or an application that should be noted to help in troubleshooting.